U.S. diesel price soars to new record high, $4.727

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After seeing small declines for four of the last five weeks following the previous record high, the national average retail price of a gallon of diesel soared upward 8.2 cents to set a new record for the week ending Monday, July 7. The $4.727 price is 0.4 cent higher than the previous record high and $1.878 higher than the same week last year, according to the U.S. Department of Energy.

The average U.S. price now has been above $4 for 13 weeks, setting the previous all-time high of $4.723 on May 26.

Every region tracked by DOE saw price increases. The largest increase, 9.8 cents, was found in the Lower Atlantic, where week-over-week prices climbed to $4.741. The smallest increase, 3.4 cents, was found in the Rocky Mountains, where week-over-week prices climbed to $4.672.

The most expensive diesel by region, $4.887, was found in the Central Atlantic, where week-over-week prices climbed 6.5 cents. The least expensive diesel by region, $4.654, was found in the Midwest, where week-over-week prices climbed 8.3 cents.

California, which DOE tracks separately, once again surpassed the $5 mark while recording the nation’s highest diesel price, $5.001; prices in that state increased 7.3 cents. California first passed the $5 mark six weeks ago, hitting $5.027 for two weeks before retreating.

For state-by-state diesel prices, updated daily, click here.